Lens
Bitcoin News
A proposed tax on electricity used by cryptocurrency miners in the U.S. has been scrapped in the deal to raise the country’s debt ceiling, according to Republican congressman Warren Davidson.
Timmy Shen
Bitcoin News
Bitcoin’s mining difficulty level rose 3.22% on Thursday, hitting an all-time high, as the network’s hashrate also increased to a record high.
Timmy Shen
Bitcoin News
Bitcoin network faces heightened congestion with over 5 million inscriptions, exacerbating block space demand as BRC-20 tokens achieve a market cap milestone of $1 billion, contributing to increased activity on the network.
Zoltan Vardai
Bitcoin News
Andrew Webber of Digital Power Optimization says more renewable energy would get built “if it was more profitable” and that's where Bitcoin mining can help.
Timmy Shen
Bitcoin News
Singapore-headquartered cryptocurrency miner Bitdeer Technologies is planning to expand its mining operations to Bhutan and raise up to US$500 million for a fund through a new partnership with the Himalayan kingdom’s state-owned investment company Druk Holding and Investments.
Timmy Shen
Regulation
The administration of U.S. President Joe Biden is campaigning for a tax on cryptocurrency miners equal to 30% of the cost of the power they use, citing what it calls “negative spillovers” from the industry.
Timmy Shen
Bitcoin News
Russia is now the second largest Bitcoin miner after the U.S., according to a report by Russian media Kommersant.
Pradipta Mukherjee
Bitcoin News
Mempool congestion issues subsided after the Bitcoin network surpassed 1 million Ordinals inscriptions.
Zoltan Vardai
Bitcoin News
Bitcoin’s mining difficulty level rose 1.72% on Thursday to a record high, while the network’s hashrate increased, showing miners are applying more computing power.
Timmy Shen
Bitcoin News
Critics have long slammed Bitcoin mining for its enormous carbon footprint. But what if all the heat that miners emit can be sustainably powered and reused?
Will Szamosszegi
